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Monday, November 10, 2008
Irony Anyone?
The linked blog is titled 'Could AIG Kill GM?' How ironic would that be? An auto insurance companytaking all of the money necessary for the survival of an auto maker. I think if more cars were made the price would drop and then more people could afford cars and then the new car owners would have to buy car insurance. But for that effect to happen AIG would have to be contented to wait for up to a cuple of years for that kind of cause and effect to come through. In the world of quarter to quarter profits has anyone thought about what is best for their customers, or even the long-term survival of their company?
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